Our Treharris conveyancer has identified a discrepancy when comparing the assumptions in the valuation survey and what is revealed within the legal papers for the property. My solicitor has advised that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
In what way does my ID and proof of funds have anything to do with my conveyancing in Treharris? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Treharris conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.
Under Money Laundering Regulations, conveyancers are duty bound to investigate not simply the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
If you had a top tip for selecting a conveyancing solicitor in Treharris what would it be?
We would encourage you not to base your choice on the cheapest Treharris conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Have just purchased a repossessed house at auction in Treharris. Conveyancing is needed. What is next?
Given that you have now exchanged you now have to instruct a conveyancing solicitor as a matter of priority as you are facing a fast approaching a fixed date to complete the purchase. All auction property will have a bespoke legal pack. This will include most,if not all of the paperwork that your conveyancer will need. Where you are dealing with leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
I have paid off my mortgage with Virgin Money. I assume I don't need a Treharris solicitor on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
In what way can the Landlord & Tenant Act 1954 impact my business property in Treharris and how can you help?
The 1954 Act affords security of tenure to commercial leaseholders, granting the right to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Treharris
I’m about to sell my ground floor flat in Treharris. Conveyancing lawyers have not yet been instructed, however I have just received a half-yearly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as normal given that all rents and maintenance invoices should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Treharris - Examples of Queries before buying
-
Can you inform me if there are any major works in the planning that will likely increase the service charges? The answer will be helpful as a) areas can result in problems for the building as the communal areas may start to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the managing agents you will want to know about it Are any of leasehold owners in dispute over their service charge liability?
I am searching for a value for money conveyancing solicitor in Treharris to buy a flat. I I am fearful of by bill escalating out of control but with various Treharris conveyancing organisations out there...who's the best?
To get quotes for your move via conveyancing firms that undertakes services in Treharris please use our quote tool.